How to Grow Your Money in the Next 5 Years
Nowadays we see a lot of commercials on how we can invest our money in banks and insurance companies. Money, after all, is everyone’s big concern because it will also dictate our family’s future. But where do we start? Is there a simpler way of understanding investments?
Here are three money growth starter tips that you may begin with:
TIP 1: TARGET SAVINGS PER MONTH
Opening a bank account or having an ATM is simple. The challenge is to grow the money inside your account. Before looking at insurances and other more complicated investments, start by growing your savings first by learning to differentiate between your WANTS and NEEDs. Be totally aware of your monthly spending and just spend on the things you and your family need. It would also help if you immediately deposit 10% to 20% of your salary as savings every payday.
TIP 2: GET ORGANIZED
Money, like other things inside the house, should be organized. Once you have started to grow your savings, make sure that you put your hard-earned money to different productive uses. Make a list of your 5-year plan to determine where you will need to put your money. (Do not forget to order your list according to priority!) It would also not hurt that certain money will placed in higher interest earning investments.
TIP 3: RESEARCH
It is quite easy to research about different investment opportunities because of the internet. Banks, likewise, are offering different products that will make your money grow faster. A word of advice, always research before investing. It would also help if you get to attend free seminars and talks that will guide you choose the right investments.
This month of October, there are a series of financial talks that you might want to check out. Lancaster New City, the flagship project of the Property Company of Friends, has tied up with Colayco Foundation Education, Inc. and Summit Media to give a series of financial talks to OFWs, OFW families, young professionals, and young moms.
Pisobilities at Lancaster New City
Dates: September 30 and October 22
Venue: Leighton Hall, Lancaster New City
In partnership with Colayco Foundation Education, Inc., there will be two Pisobilities seminars to be held at Lancaster New City that will open the minds of OFWs and their families on how to grow their money thru right investments.
#WomenCan
Date: October 15, 2016
Venue: Café 1771, El Pueblo Ortigas
Aside from having successful careers, young women professionals should also think of making the right investments. Female Network, together with Lancaster New City, organized a half-day seminar that will inspire you how to handle your finances and aim for financial freedom at a young age.
Smart Parenting’s Money Strategies for Smart Moms
October 22, 2016
Venue: Café 1771, El Pueblo Ortigas
Priorities and spending habits change as soon as there are children around. Smart Parenting organized a half-day Money Strategies for Smart Moms that will give your mothers tips on managing finances in a growing household.
To find out more about the investment talks, you may call 09175373934 or visit us at our FB Page www.facebook.com/LancasterNewCityOfficial/.
ADVT.
